promote growth. However, debate emerges following several financial crises on whether liberalizing financial markets and …. Is there any linkage between financial openness and economic growth for these seventeen Asian countries? 2. Does any of … have growth effect under certain fundamental or institutional conditions? Our main findings are as follows: 1. By employing …

According to theory, financial openness (FO) increases growth. The literature often conditions the growth effect of FO … on favorable collateral environment. However, this can conceal the actual growth benefits of FO. This paper contributes … to the literature by investigating the unconditional growth effect of FO, measured as de facto international financial …

Growth in emerging market economies (EMEs) is set to durably slow from the rates observed over 2010-12 as cyclical … effects fade, potential growth declines and external financing conditions tighten. Large negative current account balances … countries’ growth could be around ⅔ percentage points lower on average, with around ½ percentage point accounted for by trade …

to constrain business fixed investment, and therefore growth, in the near term. But the strong external asset positions …

growth and output trend. Our main finding is that currency collapses are associated with a permanent output loss relative to … output. More generally, we also find that the likelihood of a positive growth rate in the year of the collapse is over two … times more likely than a contraction, and that positive growth rates in the years that follow such episodes are the norm …

growth and output trend. Our main finding is that currency collapses are associated with a permanent output loss relative to … output. More generally, we also find that the likelihood of a positive growth rate in the year of the collapse is over two … times more likely than a contraction, and that positive growth rates in the years that follow such episodes are the norm …

considered those that deliver sustainable economic growth, employment and more equitable income distribution. A macroeconomic … paper suggests that to reduce the current account deficits and achieve a more sustainable growth, foreign economic policy …

growth and output trend. Our main finding is that currency collapses are associated with a permanent output loss relative to … output. More generally, we also find that the likelihood of a positive growth rate in the year of the collapse is over two … times more likely than a contraction; and that positive growth rates in the years that follow such episodes are the norm …

Daniel Xie review several studies of the effect of financial stress and/or growth slowdown in advanced economies on emerging … pattern of trade, and the degree of net export-led growth), financial market integration with the advanced economies, and the …